In 2014, Tracy Gallegos was featured on the cover of Las Vegas Woman magazine and at the time was an associate in the national law firm of Fox Rothschild LLP. Today, Gallegos has been elevated to partner at the firm and continues her career primarily in transactional law.“I don’t feel any different as a partner than I did three years ago when I was on the cover,” Gallegos said. “I have definitely become a better attorney but I feel like a lot of things I did as an associate, such as business development, training of junior associates, writing articles and teaching seminars remain the same. I have a few more administrative responsibilities, but otherwise not much has changed.”
Her multifaceted practice includes corporate, real estate, sports and entertainment, and cannabis law. Since joining Fox Rothschild in 2013, Gallegos has been involved primarily in real estate financing and acquisitions and dispositions, as well as corporate financing, mergers and acquisitions, and corporate formation and restructuring. With the legalization of marijuana for recreational use in both California and Nevada last November, both of the states in which Gallegos is admitted to practice law, a big part of her practice has now turned to cannabis law, though this area is not new for her. She has been working with cannabis clients since 2010, primarily in northern California and has significant experience with all aspects of the industry from the actual licensing process and regulatory compliance to corporate structuring, to lease negotiations.
“Although medical marijuana has been around in some municipalities in California for a while, state-wide regulation in the recreational space is new. It is interesting, especially in Nevada, to see people want to jump into the [cannabis] industry so quickly not knowing exactly what it entails,” she explained. With regulations changing every day, there are new challenges in the industry that Gallegos is ready to tackle.
As Fox Rothschild continues to grow—it recently expanded to 23 office nationwide upon the opening of its Seattle office several months ago—Gallegos’ goal is to continue to develop her book of business, but also mentor younger attorneys and search for qualified lateral attorneys in order to grow the transactional practice in the Las Vegas office. At the moment, Gallegos is the only transactional attorney in the office, which means that she is responsible not only for the transactions for her own clients, but for the transactional work from other attorneys in the office, as well as any transactions based in Nevada that might have been originated from an attorney in any other office in the firm.
She remains committed to her business development efforts and recognizes that her value as an attorney in private practice comes, in large part, from having her own clients.
One motivation is that Gallegos’ best friend passed away from Stage 4 breast cancer in 2016. “That really put a lot of things into perspective for me. I push myself harder. I knew after she passed away that I was up for partnership and she was one of my biggest supporters. When the cover of Las Vegas Woman magazine came out, she was ecstatic. I am working hard to accomplish the goals I have set for myself because of her.”
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